Glossary entry

English term or phrase:

servicer

Arabic translation:

مُحَصل

Added to glossary by Sam Berner
Jan 28, 2006 22:40
18 yrs ago
4 viewers *
English term

servicer

English to Arabic Bus/Financial Investment / Securities investment
It is an organization which collects principal and interest payments from borrowers and manages their escrow accounts.
You can find more definitions in English here http://www.google.com.au/search?num=100&hl=en&lr=&oi=defmore...
I already Googled for the term, but could not find a reference.

Proposed translations

14 mins
Selected

مُحَصلي / مُقَدمي / مُزويدي الخدمة

The servicer is an organization hired by a lender or secondary market to provide day to day processing functions for the student loan program. Loan servicing includes disbursing loan funds, monitoring loans while borrowers are in school, collecting payments, and assisting borrowers during repayment of their loans.
I hope this help you Sam. Good Luck.
Peer comment(s):

neutral Hassan Al-Haifi (wordforword) : Loan servicing is primarily concerned with repayments. I know since I was a banker by profession There is no contradiction here. Collection agencies are engaged in collecting overdue repayments
1 hr
Hate to disagree with you wordforword but you're contradicting yourself " Sometimes this is done by collection agencies."
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4 KudoZ points awarded for this answer. Comment: "Thank you"
40 mins

مسئول التحصيل والصرف والمشتريات

المسئول المالي

Servicer
The party that performs collections activities- makes appropriate disbursements- handles terminations/buyouts and provides required reports to investors on a securitized transaction.


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Note added at 2006-01-28 23:23:26 (GMT)
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مسئول الشئون المالية
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+2
1 hr

مدير خدمة الديون

Debt service (خدمة ادين( connotes the payment of loan and principal amounts due in periodic installments. This is someone who manages the collection/payment thereof and keeps and manages an account of collected debt. Sometimes this is done by collection agencies.

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Note added at 1 hr (2006-01-28 23:59:12 GMT)
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The servicer may be authorized to invest collect funds or make payments as agreed between lender and servicer.
Peer comment(s):

agree ahmadwadan.com
6 hrs
Thanks Ahmed
agree Dina Abdo : makes more sense to me:)
7 hrs
Thanks Dina! It is always a pleasure to get your support.
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9 hrs

القائم على عملية تحصيل الديون/ القائم على عملية توفير الخدمات

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